Edition:
United States

Singapore Airlines Ltd (SINGY.PK)

SINGY.PK on OTC Markets Group

15.20USD
18 Aug 2017
Change (% chg)

$-0.14 (-0.91%)
Prev Close
$15.34
Open
$15.20
Day's High
$15.20
Day's Low
$15.20
Volume
200
Avg. Vol
779
52-wk High
$16.05
52-wk Low
$13.07

Latest Key Developments (Source: Significant Developments)

Singapore Airlines says Sia Group airlines' passenger load factor in July rose 1.5 pct points to 83.6 pct
Tuesday, 15 Aug 2017 05:17am EDT 

Aug 15 (Reuters) - Singapore Airlines Ltd :In July 2017, Sia Group airlines' passenger load factor improved 1.5 percentage points to 83.6%.Passenger carriage increased 4.1% compared to last year in July.July overall cargo load factor was 2.5 percentage points higher."Operating landscape remains challenging with ongoing efforts to maintain right balance between passenger volume and yield".  Full Article

Singapore Airlines launches and prices notes due 2027
Monday, 14 Aug 2017 09:11am EDT 

Aug 14 (Reuters) - Singapore Airlines Limited :Proposed issue of S$700 million 3.13 pct notes due 2027 under S$5b Multicurrency Mtn Programme Of SIA.launched and priced S$700 million in aggregate principal amount of 3.13 pct notes due 2027.Notes are expected to be issued on 23 August 2017.  Full Article

Singapore Airlines enters memorandum of understanding for a proposed joint venture with CAE Inc
Thursday, 10 Aug 2017 05:06am EDT 

Aug 10 (Reuters) - Singapore Airlines Limited : :Memorandum Of Understanding For A Proposed Joint Venture Between Singapore Airlines And Cae.Entered into a non-binding memorandum of understanding with cae inc to incorporate a joint venture company in singapore.Each of sia and cae will hold 50% of equity interest in jv company.Each of sia and cae will hold 50% of equity interest in jv company.Proposed jv is not expected to have any material impact on financial performance,net tangible assets per share & eps for current fy.Sia's 50% share of investment will be funded through its internal resources.  Full Article

Singapore Airlines says Qtrly net profit attributable to owners of parent S$235.1 mln
Thursday, 27 Jul 2017 06:20am EDT 

July 27 (Reuters) - Singapore Airlines Ltd ::Qtrly revenue S$3.86 billion versus S$3.66 billion .Qtrly net profit attributable to owners of parent S$235.1 million versus S$256.6 million.For Q2 , group has hedged 41.9% of its fuel requirements in mops at a weighted average price of USD63 per barrel.Business outlook for airline industry remains challenging, as uncertain global economic climate continue to dampen yield performance.No dividend has been declared/recommended for the period ended 30 June 2017.  Full Article

Singapore Airlines announces amalgamation of subsidiaries
Monday, 24 Jul 2017 08:20pm EDT 

July 25 (Reuters) - Singapore Airlines Ltd :amalgamation of subsidiaries of Singapore Airlines.Scoot Pte. Ltd. And Tiger Airways Singapore Pte have amalgamated with each other .Tiger Airways is continuing as amalgamated company and being renamed Scoot Tigerair Pte. Ltd.amalgamation is not expected to have any material impact on financial performance, eps of co for current financial year.  Full Article

Singapore Airlines says in June Sia Group airlines passenger load factor rose 4.6 pct points to 82.7 pct
Monday, 17 Jul 2017 05:11am EDT 

July 17 (Reuters) - Singapore Airlines Ltd :In June 2017, Sia Group Airlines' passenger load factor (plf) improved 4.6 percentage points to 82.7%..‍June overall cargo load factor was 4.5 percentage points higher​.June passenger carriage (measured in revenue passenger kilometres) increased 8.6% compared to last year.For June Sia Group Airlines' announces capacity (measured in available seat kilometres) expansion of 2.7%.  Full Article

Singapore Airlines announces May operating results
Thursday, 15 Jun 2017 06:56am EDT 

June 15 (Reuters) - Singapore Airlines Ltd :In May 2017, SIA group airlines' passenger load factor (plf) improved 3.4 percentage points to 77.0%.For may, SIA group airline's passenger carriage (measured in revenue passenger kilometres) increased 6.5% compared to last year.In May Singapore Airlines' passenger carriage increased 4.2% compared to previous year, against a capacity contraction of 1.2%.For May, Sia Group Airline's capacity (measured in available seat kilometres) up 1.8%.Overall cargo load factor (CLF) was 4.2 percentage points higher in May.  Full Article

Singapore Airlines CEO says some jobs may be irrelevant due to restructuring
Thursday, 18 May 2017 11:37pm EDT 

May 19 (Reuters) - Singapore Airlines :CEO says group transformation project could yield bold radical measures.CEO says transformation project could mean some jobs may not be relevant any more.  Full Article

Singapore Airlines says SIA Cargo to be re-integrated as division within company
Thursday, 18 May 2017 07:39pm EDT 

May 19 (Reuters) - Singapore Airlines Ltd ::SIA Cargo to be re-integrated as a division within Singapore Airlines .Re-integration is expected to be completed in first half of 2018, when SIA Cargo will become cargo division of SIA.There will be no change to SIA Cargo's operations.Majority of SIA Cargo's nearly 900 employees to be retained in new cargo division; some will be transferred to other SIA divisions.Reintegration is not expected to have a material impact on SIA's financial performance in 2017/18 financial year.  Full Article

Singapore Airlines Q4 net loss S$138.3 million
Thursday, 18 May 2017 05:49am EDT 

May 18 (Reuters) - Singapore Airlines Ltd :Qtrly net loss S$138.3 million versus profit of S$224.7 million a year ago.Q4 revenue S$3,720.0 million versus S$3,719.6 million.Board of directors recommends a final dividend of 11 cents per share for financial year 2016-17.For Q1 of 2017-18 FY, has hedged 39.3% of fuel requirement in MOPS at weighted average price of USD65 per barrel.Intense competition in major markets, alongside geopolitical and economic uncertainty, continue to exert pressure on yields.For full FY, group hedged 20.6% of fuel requirement in MOPS, 20.0% in brent at weighted average prices of USD66 and USD53 per barrel.  Full Article

EU mergers and takeovers (Aug 17)

BRUSSELS, Aug 17 The following are mergers under review by the European Commission and a brief guide to the EU merger process: